Stelac Advisory Services LLC Acquires Shares of 798 Apollo Global Management, Inc. (NYSE:APO)

Stelac Advisory Services LLC acquired a new stake in shares of Apollo Global Management, Inc. (NYSE:APO) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 798 shares of the financial services provider’s stock, valued at approximately $132,000.

Other large investors have also bought and sold shares of the company. Hopwood Financial Services Inc. bought a new stake in Apollo Global Management during the 4th quarter valued at approximately $33,000. Kohmann Bosshard Financial Services LLC bought a new stake in Apollo Global Management during the 4th quarter valued at approximately $34,000. Byrne Asset Management LLC bought a new stake in Apollo Global Management during the 4th quarter valued at approximately $37,000. Retirement Wealth Solutions LLC bought a new stake in Apollo Global Management during the 4th quarter valued at approximately $39,000. Finally, HM Payson & Co. bought a new stake in shares of Apollo Global Management in the 4th quarter worth approximately $45,000. 77.06% of the stock is owned by institutional investors.

Apollo Global Management Price Performance

Shares of APO opened at $134.72 on Thursday. The firm has a market cap of $76.85 billion, a PE ratio of 18.43, a P/E/G ratio of 1.17 and a beta of 1.66. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.33. The firm has a fifty day simple moving average of $157.77 and a two-hundred day simple moving average of $150.78. Apollo Global Management, Inc. has a 1-year low of $95.11 and a 1-year high of $189.49.

Apollo Global Management Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.4625 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.85 dividend on an annualized basis and a yield of 1.37%. Apollo Global Management’s dividend payout ratio is presently 25.31%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on APO shares. StockNews.com cut Apollo Global Management from a “hold” rating to a “sell” rating in a research report on Tuesday, December 10th. Keefe, Bruyette & Woods dropped their price target on Apollo Global Management from $196.00 to $194.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 5th. UBS Group raised Apollo Global Management to a “hold” rating in a research report on Wednesday, November 13th. Barclays boosted their price target on Apollo Global Management from $174.00 to $200.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Finally, Piper Sandler boosted their price target on Apollo Global Management from $188.00 to $202.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat, Apollo Global Management has a consensus rating of “Moderate Buy” and an average price target of $165.74.

Insider Transactions at Apollo Global Management

In other news, CFO Martin Kelly sold 5,000 shares of the company’s stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $158.28, for a total value of $791,400.00. Following the completion of the sale, the chief financial officer now directly owns 377,164 shares in the company, valued at $59,697,517.92. This represents a 1.31 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 8.50% of the stock is currently owned by company insiders.

Apollo Global Management Company Profile

Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity, infrastructure, secondaries and real estate markets. The firm prefers to invest in private and public markets. The firm’s private equity investments include traditional buyouts, recapitalization, distressed buyouts and debt investments in real estate, corporate partner buyouts, distressed asset, corporate carve-outs, middle market, growth, venture capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.